44th Parl. 1st Sess.
October 31, 2022 11:00AM
- Oct/31/22 2:45:38 p.m.
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Mr. Speaker, we know two things for certain: oil and gas emissions must come down, and energy companies are making record profits. Like us, energy companies must put their shoulder to the wheel and begin investing in pollution reduction.
We need to work together to create the clean economy and the good jobs of today and tomorrow. We will be with them every step of the way as we meet our 2030 targets on our way to net zero by 2050.
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- Oct/31/22 2:46:19 p.m.
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Mr. Speaker, big oil has racked up their highest profits ever, and that is no surprise to Canadians who are getting gouged at the pumps.
How is big oil spending their loot? They are spending it on stock buy-backs, payouts to investors and automation, as they layoff thousands of energy workers. As for climate action, there is not a chance. They want taxpayers to pick up the bill.
When is the environment minister going to stop acting as an ATM for the oil lobby and hold them to account? When is he going to make the investments necessary in a clean energy transformation that does not leave Canadian workers behind?
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- Oct/31/22 4:12:18 p.m.
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- Re: Bill S-5
Madam Speaker, I am actually quite surprised to hear the Liberals keep promoting a price on pollution or carbon tax, because clearly it is failing. If we take a look at the graph, the number keeps going up. The government fails to meet one target after another after another. Now it is going to triple the carbon tax. Is this finally what is going to break the back? Unfortunately it is going to break the backs of many Canadians who need to rely on energy just to live in this large and northern climate.
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- Oct/31/22 4:44:34 p.m.
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- Re: Bill S-5
Madam Speaker, I thank my colleague for his question and his comment about my dress. Even though he is not supposed to talk about my dress, I thank him anyway. I do my best to dress for the occasion.
I think that we the Conservatives are well grounded in reality. Right now, the reality around the world and in Canada is that we need energy from oil and gas. Quite frankly, I think that Quebec benefits from energy from oil.
Even if we want to go in a certain direction, we can assess the other type of energy. Right now, Canada, like the rest of the world, needs oil and gas. We need to recognize that and work together—
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- Oct/31/22 6:02:10 p.m.
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- Re: Bill S-5
Mr. Speaker, I thank my colleague, because she is laying out the problem here. Right now, the world does not have the tools it needs to address the issues of food insecurity due to a lack of carbon energy production, particularly in light of the situation in Europe right now as well as those long-term substitute goods.
What the member is addressing is the issue of the price inelasticity of carbon. This is something I have been talking about in here for 10 years. We can tax and we can make the price as high as possible, but if it is a critical good that humanity relies upon to exist, if we do not have it we will get civil unrest, starvation, riots and more.
We are down that path. We need to ensure that energy security and substitute goods are an emergent, number one priority for any conversation on climate policy. I really encourage colleagues within their own caucuses, as we are approaching Canada's trip to the Conference of the Parties, to be talking about how Canada should be putting energy security at the front of its climate policy.
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- Oct/31/22 6:19:47 p.m.
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- Re: Bill S-5
Mr. Speaker, I will respectfully completely disagree with the premise and principle of what the Bloc is saying. At the end of the day, it is using the carbon tax as a tax to add to the price of doing business, whether it be in the oil and gas sector or any other sector.
What we have seen is the Liberals, NDP, Bloc and Green Party support carbon taxes over the course of the last several years. We have not seen emissions go down in any meaningful way in the right direction. What we have seen is the cost of living, groceries and home heating rise and a cost of living crisis in this country. When we talk about emissions reductions, we are talking about that coming from technology, carbon capture and storage, small nuclear modular reactors and so forth, which can be in our energy sector. That is a good way to keep the cost of living down and keep our emissions down as well.
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